Archive for July, 2009
Indian Rupee Rallies to One-Month High as Fund Inflows Increase
July 31 (Bloomberg) — India’s rupee climbed to the highest level in almost a month, completing a third weekly advance, on speculation rising investments from abroad will boost the nation’s balance of payments surplus. ‘The rupee should gain as …
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Euro bourses end on weak note
European shares ended a choppy session on a weak note yesterday, closing mostly lower after a mixed round of US data and worries about the oil sector after Eni spooked investors with a dividend cut. The pan-European Dow Jones Stoxx 600 index fell 0.2 …
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GLOBAL MARKETS-Oil gains on economic optimism, dollar hits low
NEW YORK, July 31 (Reuters) – Crude oil surged almost 4 percent on Friday while the U.S. dollar slid to its lowest for the year after data showed the U.S. economy contracted less than expected in the second quarter, boosting risk appetite. U.S …
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Banks send mixed messages of economic recovery in Japan
TOKYO, July 31 (Xinhua) — Japan’s second largest banking group, Mizuho Financial Group Inc., on Friday announced sharp losses for the first fiscal quarter of 2009, while the country’s largest banking group, Mitsubishi UFJ Financial Group Inc …
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Dow ends best July in 20 years
NEW YORKÂ (CNNMoney.com) — Stocks were little changed Friday after a report showed the pace of the recession is slowing, but the market managed to post its best July in decades. The Dow Jones industrial average ( INDU ) and the S&P 500 ( SPX ) index …
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Australian Outback town plans to fine beggars
DARWIN, Australia (AP) – A town council in Australia’s Outback has proposed discouraging beggars by slapping them with a 130 Australian dollar ($108) fine, but critics argued Friday that such penalties could increase the need for panhandling …
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British Airways swings to loss, plans further cost cuts
LONDON (MarketWatch) — British Airways reported Friday a first-quarter loss as the recession undercut demand for business travel, although the carrier added that traffic volumes are showing some signs of improvement for the summer. Europe’s third …
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Euro-zone inflation goes negative for second month, unemployment rises …
BRUSSELS – Falling prices and rising unemployment in the 16 nations that use the euro show an economy still mired in recession despite recent green shoots of recovery, according to EU statistics published Friday. Euro-zone consumer prices fell for a …
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Canadian Dollar Headed for Third Weekly Gain on Return to Risk
July 31 (Bloomberg) — Canada’s dollar was poised for a third straight weekly advance, after investors shrugged off data showing the economy slowed and sought higher-yielding assets including stocks and commodity-linked currencies. Canada’s …
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D.C. needle exchange program threatened
WASHINGTON (AP) – D.C. Delegate Eleanor Holmes Norton is trying to prevent Congress from withholding money from the District’s needle exchange program. Until 2007, the District was the only city in the nation barred from using both local and federal …
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